File:Twenty years among the bulls and bears of Wall street (1870) (14756035966).jpg

Identifier: twentyyearsamong00smit (find matches)
Title: Twenty years among the bulls and bears of Wall street
Year: 1870 (1870s)
Authors: Smith, Matthew Hale, 1810-1879
Subjects: Securities industry
Publisher: Hartford, J. B. Burr & company
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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verns with pot-companions, in sottish debauch, ca-rousing and gaming. Extravagance and idlenessabounded, and marriages, being performed by a Jus-tice of the Peace and not by a clergyman, were notconsidered binding, and were thrown off according tothe whim or caprice of the parties. Wives were sold,exchanged, and abandoned, and, if the report is to bebelieved, general immorality prevailed. 42 WALL STREET AND THE BROKERS. WALL STREET AND THE BROKERS. It is difficult to ascertain when Wall Street becamethe financial center of New York. In 1792, the Ton-tine Coffee House was erected on the site now occu-pied by the Bank of New York. It was erected as asort of joint-stock concern, for the benefit of merchants,who held their gatherings in its parlors. Long beforethat period, however, Wall Street was the center ofthe early financial operations of the city. Govern-ment, fashion, trade, industrial arts, religion, andfinance, from the earliest times, have had their head-quarters in Wall Street.
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II MODERN WALL STREET. BIODERN WALL STREET. HIGH CHANGE. HULLS AND BEARS IN CONFLICT-HOW STOCKS ARE BOUGHT AND SOLD. OPERATORS ON THE STREET.— HOW A TIGHT MONEY MARKET IS CREATED. BLACK FRIDAY. Wall Street gives its name to the locality where theinonied men of the city, millionaires, speculators, heavybrokers, and leading financiers have their headquarte -It means more than the short narrow street designatedon the map as Wall Street, The heaviest operatorsare not located on Wall Street proper. They arcfound on Broad Street, New Street, Nassau, Pine,Cedar, Williams, Exchange, and on Broadway. TheStock Board is on Broad Street. The Gold Boardis on New Street. In High Change the surgingexcited crowd who throng the sidewalk and raise thedin of Babel, are seen on Broad Street from Wall toPearl. The rooms and dens of the heaviest operatorswho are on the street are off from Wall Street. Soare the regular Boards, and gathering places foroperators who are excluded from the regular market.Ear

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